Result of EGM

RNS Number : 5252U

Globalworth Real Estate Inv Ltd

29 March 2019

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.

29 March 2019

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Result of EGM

Globalworth, the leading office investor in Central and Eastern Europe, is pleased to announce that the Resolutions proposed at the Extraordinary General Meeting of the Company held today were duly passed. 

The purpose of the EGM was to authorise the Board, as permitted by and in accordance with the Articles, to issue up to 55,000,000 New Shares pursuant to (i) a proposed placing for cash of up to 38,000,000 New Shares (the "Placing"); and (ii) the proposed issue of up to 17,000,000 New Shares to Growthpoint Properties International (Pty) Ltd (or its nominee) ("Growthpoint International") in exchange for Growthpoint International's 21.58 per cent. interest in the Globalworth Poland Real Estate N.V. ("GPRE") (the "GPRE Exchange" and, together with the Placing, the "Proposals").

A further announcement in connection with the Proposals will be made in due course.

Details of the proxy votes received in respect of the Resolutions are set out below:

Resolution	For		Against		Withheld
	Number	%	Number	%	Number	%
1: ORDINARY RESOLUTION: General authority to issue Shares	82,501,616	100	0	0	0	0
2: SPECIAL RESOLUTION: Disapplication of general pre-emption rights	82,266,796	99.72	234,820	0.28	0	0

A full copy of the Circular convening the EGM is available here:

https://www.globalworth.com/investor-relations/key-corporate-documents

For further information visit www.globalworth.com or contact: 

Andrew Cox Head of Investor Relations & Corporate Development	Tel: [phone]
Jefferies (Joint Broker) Stuart Klein	Tel: [phone]
Panmure Gordon (Nominated Adviser and Joint Broker) Alina Vaskina	Tel: [phone]
Milbourne (Financial Public Relations) Tim Draper	Tel: [phone]

About Globalworth / Note to Editors: 

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange.  It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland, where the Company has a majority shareholding in Globalworth Poland, a pure-play Polish real estate platform listed on the Warsaw Stock Exchange.  Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by nearly 200 professionals across Romania and Poland, the combined value of its portfolio is €2.5 billion, as at 31 December 2018. Over 90% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of some 650 national and multinational corporates. In Romania, Globalworth is present in Bucharest, Timisoara and Pitesti, while in Poland its assets span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice. For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

IMPORTANT NOTICE:  This announcement has been prepared for the purposes of complying with the applicable laws and regulations of the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.  This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward looking statements include all matters that are not historical facts and involve predictions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies and the industry in which it operates. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. Save as required by law or regulation, the Company disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.

 

END

 

 

MSCSELFDUFUSEFD